Indian shares fell sharply on Wednesday as renewed U.S.-Iran tensions drove up crude oil prices, threatening inflation outlook and giving rise to Fed rate hike expectations.
The U.S. dollar hit a one-week high, global bond yields surged and oil prices jumped more than 6 percent after U.S. President Donald Trump declared the Iran ceasefire “is over” at the NATO summit.
His remarks came after the U.S. carried out a fresh round of airstrikes on Iran, targeting more than 80 locations in response to Iranian attacks on three commercial vessels in the Strait of Hormuz.
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Indian Shares Slump As Hormuz Ceasefire Collapses
2026-07-08 10:20:48
